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Treasure

Is #MAGIC About to Skyrocket? Key Demand Zone ApproachingYello, Paradisers! Are you ready for the next big move in #MAGIC? Let's dive into the latest analysis of the #Treasure and find out what will happen next: 💎#MAGIC is currently trading in a descending channel, but the price is approaching a key demand zone, setting the stage for a possible bullish breakout. 💎Right now, #Treasure is adhering to a descending resistance pattern. However, it's now on the verge of breaking out, especially if it taps into the critical demand level of $0.464. Should the price maintain strong momentum here, we could see #MAGICUSDT breaking through the descending resistance and targeting the major supply area at $0.94. 💎A successful breach above this supply area could lead to a significant bullish move, pushing the price towards a strong resistance zone. 💎On the other hand, if #MAGICUSDT loses momentum and faces rejection at the supply area, we may see a bullish rebound from the lower strong support at $0.39-$0.43. 💎However, falling below this level could signal a prolonged bearish trend, and OMXTSE:MAGIC will keep moving within a descending channel. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
MAGIC is starting a strong uptrend, new ATHMAGIC looks very strong in the major timeframe. We can see that the uptrend is very strong and reliable. I am expecting the coin to hit an all-time high in a few weeks and a 288% profit in a few months. It's probably best to buy this coin right now, but you may want to wait for a small pullback. We can see that the previous downtrend ended with a descending parallel channel. It's always important to do an Elliott Wave technical analysis, and from my point of view, we have started this uptrend with a strong impulse wave (12345) and already made an ABC correction. Wave (3) should be in progress. What Is Magic (MAGIC)? MAGIC is the utility token that connects gaming communities in the Treasure Metaverse: a decentralized NFT ecosystem which sits on Arbitrum, one of Ethereum’s Layer 2 scaling solutions. MAGIC is a cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0. The token was launched in September 2021 so its community could buy and sell in-game NFTs on Treasure. It also acts as a reserve currency for Treasure’s metaverse. Players can earn MAGIC tokens by gaming, mining, and participating in Bridgeworld, Treasure’s flagship game. Treasure now hosts twelve other games on its platform, some of which allow you to use and generate MAGIC tokens like in Bridgeworld. These include Beacon, a free-to-play fantasy action rogue-lite RPG; and Realm, a world-building and exploration game.
Long
by Xanrox
7